The bank, the second-biggest in the US by assets, said net income jumped to $3.01bn (£2.1bn), up from $2.74bn.
The results were in line with those reported last
week by Citibank and JP Morgan Chase, where profits also rose helped by lower legal costs.
The bank's non-interest expenses fell by 2.3% to $13.87bn.
Its
provision for credit losses increased by $264m in the three months to
the end of the year, primarily because of its exposure to energy
businesses, which have been hit by falling oil prices.
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